Some people wonder whether there is a difference between a for-profit and non-profit debt consolidation company. In most cases, there is no difference. This is a gray area where some companies have got into trouble. They have a for-profit "shell" company which takes the application, and the initial payment (usually equal to the first payment made to you creditors). They then pass the application onto a certified non-profit 501c3 corporation which doesn't take a profit from its members.

While fees are common with any company you setup, make sure the company you deal with has the experience and a BBB record.

If you would like a free quote from a company similar to the ones mentioned above, click here or call 1-800-646-2993.